Land Sale Generates Almost $15.4 Million for Projects

Organization:

BLM

BLM Office:

Southern Nevada District Office

Media Contact:

Las Vegas --The Bureau of Land Management (BLM) today sold 63.75 acres in 13 parcels for $15,397,200 during a competitive public land sale. The agency offered 81.25 acres, in 17 parcels, under the Southern Nevada Public Land Management Act (SNPLMA).  Parcels offered for sale varied in size from 1.25 to 17.5 acres and were located in the Las Vegas Valley.

Successful bidders included:

Location

Size

Fair Market Value

Purchase Price

Successful Bidder

Parcel Number

Mardon & Montessouri

5 acres

$2,500,000

$2,500,000

Roohani Khusrow

N-94807

Torina & Tenaya

2.5 acres

$285,000

$285,000

Lexiland, LLC

N-92830

Pebble & Monte Cristo

2.5 acres

$238,000

$278,000

American West Development

N-94809

Blue Diamond & Park

1.25 acres

$63,200

$83,200

Allay Investment, LLC

N-81973

Richmore & Monte Cristo

2.5 acres

$133,000

$223,000

Monte Cristo Way Realty, LLC

N-94810

Silverado Ranch & Dean Martin

12.5 acres

$1,875,000

$1,875,000

Turtle Beach Productions

N-94814

Frias & Dean Martin

17.5 acres

$5,500,000

$5,500,000

American West Development

N-94816

Rush & Polaris

5 acres

$1,920,000

$1,920,000

American West Development

N-94817

Frias & Arville

2.5 acres

$675,000

$675,000

American West Development

N-94818

Frias & Arville

2.5 acres

$213,000

$283,000

Malik Umer Zahid

N-94819

Haleh & Hinson

2.5 acres

$260,000

$260,000

Malik Umer Zahid

N-85664

Haleh & Hinson

5.0  acres

$455,000

$505,000

Malik Umer Zahid

N-81967

Cactus & Arville

2.5 acres

$930,000

$1,010,000

Lexiland, LLC

N-94820

All successful bidders paid the required 20 percent of the bid by 3 p.m. today. The remainder of the bid is due within 180 days (January 30, 2018.)

In accordance with the joint selection process, unsold parcels must be re-nominated for consideration at future land sales by the local government. 

In accordance with the SNPLMA, funds generated from the sale of public land may be used for specific purposes including parks, trails, and natural areas; capital improvements, conservation initiatives; and for the purchase of environmentally sensitive lands. Additionally, 10 percent of the funds will go to the Southern Nevada Water Authority, and five percent will go to the Nevada State General Education Fund.

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The BLM manages more than 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.